Reply to Why is the stock market crashing, the dumb fed hasn't said anything

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem is that while supply is getting better, it is still not solved. Plus, it is still taking more money to get people to work, there for businesses are still passing higher costs on to the consumer.

We have a problem of rising rates and still rising inflation due to at least both of those issues.

The Fed have gotten themselves into a bind since they kept easing when they should have stopped stimulus and started raising much earlier.[/quote]

True. Remember "Inflation is transitory" from last year Fed speak.  Ha ha.  The Fed looks like fools.  They can't keep looking like fools, so they need to act tough for a few months.

There is sticky service related inflation right now.   Raised wages, so then the companies pass this cost on to consumers.  Consumers pay more for services.[/quote]

Yes, exactly. I am a big follower of Mohamed A. El-Erian. He was saying they should have stopped easing and raising for ages before Fed finally stopped saying inflation was transitory. If only.....[/quote]

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